What Is an LLC Certificate of Good Standing and How Can You Get One?
A Certificate of Good Standing is a document issued by the government that certifies that a business has filed all reports and paid the necessary fees with the Secretary of State's office.
What Does Fiduciary Duty Mean in a Legal Context?
Fiduciary duty is a legal obligation of the highest degree for the person in trust to act in the beneficiary's best interest.
Service Charge vs Tip: Is the service charge the same as a tip?
A service charge is mandatory, and a tip is at the discretion of the customer. Under California law service charges are not considered tips. Service charges are the amount a customer is required to pay in addition to the beverages and foods purchased at a restaurant. Service charges belong to the restaurant and not to the employees.
California Attorney: 75 Affirmative Defenses to Breach of Contract
Affirmative defenses are legal defenses which give you a good reason for not being held responsible for breaking the contract. This article examines 75 affirmative defenses to a claim for breach of contract.
When Is a W-9 Not Required?
A W-9 is not required when payments to a vendor are under $600 in a calendar year. Payments made through credit card processors or platforms like PayPal also do not require a W-9.
Is Small Business Loan Secured or Unsecured
A secured loan places the burden of risk on the borrower. An unsecured loan shifts the burden of risk more to the lender. A small-business loan is secured when backed by specific collateral, typically business assets, such as equipment, inventory or real estate. Secured loans, including those secured by the Small Business Administration (SBA), typically range from $50,000 to $5 million.
Where Can I Cash a Business Check?
Business check may be cashed at a check-cashing service: Walmart Money Center, Payday Advance, Ingo Money, Moneytree, Money Mart, ACE Cash Express, Speedy Cash, etc.
Do I Need a License to Sell Homemade Food in California?
In order to run a homemade food business in California, an individual must get a permit from the county health department. There are two types of permits to choose from.
What is Double Taxation? Types, Causes, and Solutions Explained
Double taxation occurs when the same income is taxed twice, impacting individuals and businesses. Explore its types, causes, and solutions like DTAs and exemptions.
What Does Net Income Mean for Businesses and Individuals?
Net income, often called "the bottom line," measures financial health by showing the remaining profit after expenses and deductions. For individuals and businesses, net income is a critical metric influencing budgeting, performance assessment, and decision-making.